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5.00 points Sylvestor Systems borrows $60,000 cash on May 15, 2016, by signing a 30-day, 8% note. 1. On what date does this note mature?

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5.00 points Sylvestor Systems borrows $60,000 cash on May 15, 2016, by signing a 30-day, 8% note. 1. On what date does this note mature? OJune 13, 2016 June 14, 2016 O June 15, 2016 June 16, 2016 O June 17, 2016 2. Assume the face value of the note equals $60,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. Journal entry worksheet Recod the issuance of the note. Note: Enter debrs before oredits May 15 (b) First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your journal entry to record payment of the note at maturity. (Use 360 days a year. Do not round intermediate calculations.) Interest at Principal Rate (%) Time Total interest

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